Loading...
Market
What will be Noble's fleet utilization rate by end of 2024 after acquiring Diamond Offshore?
5
Resolution / Starting Odds
Above 75% • 33%
50-75% • 34%
Below 50% • 33%
Noble Corporation financial statements, industry reports
Story
Noble to Acquire Diamond Offshore in $1.6 Billion, $15.52/Share Deal
Jun 10, 2024, 11:14 AM
Noble Corporation, the world's biggest offshore oil-rig contractor by market value, has agreed to acquire Diamond Offshore Drilling in a deal valued at $1.6 billion, or $15.52 per share. The acquisition will be funded through a combination of $5.65 in cash plus 0.2316 shares of Noble for each share of Diamond Offshore. Noble plans to finance the cash portion of the deal with a new secured financing of $600 million. The combined fleet of the merged entity will include 28 floaters and 13 jack-ups. Additionally, Noble has announced that the deal will enhance dividend payouts by 25%. Diamond Offshore shares rose 8.0% in pre-market trading following the announcement.
View original story
Similar markets
$1 billion to $3.99 billion • 33%
$4 billion to $6 billion • 34%
Above $6 billion • 33%
Less than 10% growth • 25%
10% to 20% growth • 25%
21% to 30% growth • 25%
More than 30% growth • 25%
Less than 150,000 • 33%
150,000 to 200,000 • 33%
More than 200,000 • 34%
Less than 25% • 25%
25% to 50% • 25%
50% to 75% • 25%
More than 75% • 25%
Less than 50% • 25%
50% to 75% • 25%
76% to 99% • 25%
100% • 25%
0-25% • 25%
26-50% • 25%
51-75% • 25%
76-100% • 25%
0-5% • 25%
5.1-10% • 25%
10.1-15% • 25%
More than 15% • 25%
Less than 25% • 25%
25% to 50% • 25%
51% to 75% • 25%
More than 75% • 25%
Below CNY8 billion • 33%
Between CNY8 billion and CNY9 billion • 34%
Above CNY9 billion • 33%
$10 billion to $25 billion • 25%
$25 billion to $50 billion • 25%
$50 billion to $75 billion • 25%
Over $75 billion • 25%
Less than 25% • 25%
25% to 50% • 25%
51% to 75% • 25%
More than 75% • 25%